Reinforced Plastics Market - Size, Share, Growth, Trends and Forecast, 2013 – 2019

Transparency Market

Research

Reinforced Plastics Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2013 - 2019

Published Date

27-May-2014

92 Page Report

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Reinforced Plastics Market: Application in Lightweight Vehicles to

Propel Market : TMR

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Reinforced Plastics Market

REPORT DESCRIPTION

Reinforced Plastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013

- 2019

Transparency Market Research has announced a new publication, titled “Reinforced Plastics Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. The research report

states that the global reinforced plastics market stood at US$8.42 billion in 2012 and is expected to reach

US$15.82 billion by 2019, expanding at a 7.6% CAGR from 2013 to 2019.Economic growth and rising

disposable income is surging demand for automobiles in Asia Pacific, which is one of the major growth drivers

of the reinforced plastics market. Additionally, increasing construction activities due to rapid urbanization in

China and India are also boosting the reinforced plastics market. Volatile raw material prices and demandsupply gap in the raw material supply chain pose a challenge to the growth of the market. Stringent

government regulations pertaining to feedstock in the U.S. and Europe further restrain this market. In the

energy sector, wind energy is likely to provide momentum to the reinforced plastics market, opening new

opportunities for market players. Using reinforced plastics for aerodynamically efficient blades improves the

production efficiency of wind turbines, since blades made from reinforced plastics are lighter and are thus

easier to propel. Further, R&D activities to develop reinforced plastics based on bio-composites...